Chinese CPI Data

On Friday we will get consumer inflation data for March and while I think nobody in this forum is trading the Chinese currency it can indirectly impact commodity currencies like the Canadian Dollar, Australian Dollar as well as New Zealand Dollar.

I am pointing this out to the newbies as there are countless questions of why did this currency pair move without any economic data out there. When you trade fore you need to be aware of the total picture and understand how everything correlates to each other and how it can impact each other.